Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Sales Current assets: Cash Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Accounts receivable, net Inventory Total current assets Current liabilities Year 1 $ 4,655,480 $ 91,211 403, 184 814,844 Year 2 $4,807,600 $ 98,740 431,928 876,547 Year 3 $5,074,480 $ 101,745 435,239 834,822 $ 81,461 $ 79,632 509,545 569,856 895,035 897,233 $ 1,309,239 $ 1,407,215 $ 1,371,806 $ 1,486,041 $ 1,546,721 $ 317,572 $ 346,969 $ 335,865 $ 335,057 $ 404,950 Year 1 % % % Year 2 % % de dedo de d % % % % Year 3 % % % % % % Year 4 Year 5 $5,412,280 $ 5,680,830 Year 4 % % % % % % Year 5 % % % % % %

Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Sales Current assets: Cash Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Accounts receivable, net Inventory Total current assets Current liabilities Year 1 $ 4,655,480 $ 91,211 403, 184 814,844 Year 2 $4,807,600 $ 98,740 431,928 876,547 Year 3 $5,074,480 $ 101,745 435,239 834,822 $ 81,461 $ 79,632 509,545 569,856 895,035 897,233 $ 1,309,239 $ 1,407,215 $ 1,371,806 $ 1,486,041 $ 1,546,721 $ 317,572 $ 346,969 $ 335,865 $ 335,057 $ 404,950 Year 1 % % % Year 2 % % de dedo de d % % % % Year 3 % % % % % % Year 4 Year 5 $5,412,280 $ 5,680,830 Year 4 % % % % % % Year 5 % % % % % %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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